Pre-market Tour (recording & summary)

Two pre-open econ reports were greeted at yesterday’s 2182.25 cash session close. The reaction plunged to a fresh low at 2178.75. That’s not much, unless compared to the overnight range, and even to yesterday afternoon’s range. The gap back to yesterday’s close doesn’t require being filled before extending down, although that’s common first. Probing a new high without gapping up in this pattern would be likely to reverse back down sharply, but not necessarily on a Friday. No matter how likely to resolve down, nothing yet prevents extending higher — especially on a Friday.

Details and other markets coverage are discussed in the pre-market Tour recording here.